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Forward rate agreements and settlement conventions
A forward rate agreement manages a future interest period without lending the notional principal. The reference rate and settlement convention determine the cash flow.
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Forwards Trading Guide
Understand forward contracts, interpret quotes and build currency, commodity and portfolio hedges. Follow ten stages from contract basics to advanced valuation, execution and disciplined risk management.
Start with What a forward contract commits you to, then follow the next lesson links. Explore 40 lessons with worked examples, exercises and further reading.
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Rates Equities and Portfolio Forwards · All lessons
Rates Equities and Portfolio Forwards
Apply forward commitments to rates, shares, bonds and global portfolios.
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Equity forwards dividends and financing
An equity forward combines share exposure with financing and expected distributions. It does not automatically provide the rights of holding the shares today.
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Bond forwards coupons and duration
A bond forward refers to a specified future bond transaction. Coupons, accrued interest and financing terms make its price different from a simple spot quote.
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Currency overlays for global portfolios
A currency overlay manages exchange rate exposure separately from choosing stocks or bonds. Its result must be evaluated together with the underlying portfolio.
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